Positioned in Kangaroo Points most sought after location it is only a short walk to the ferry, restaurants and CBD. Approximately around 60sqm in size it consists of 1 bedroom, 1 bathroom and secure parking (on title). Rent guaranteed for 5 years with a 4% increase annually and an option for the onsite manager to extend for up to a total of 25 years. There is a possibility for the new owner to move in. Guaranteed rental return of $994.38 nett per month. Additionally, you will receive a property management reimbursement of approximately $131 per quarter and approximately $147 electricity, gas and foxtel reimbursement per quarter. All furniture, Manchester, kitchen, maintenance and housekeeping issues are the onsite the managers responsibility and they will bare the cost. $1 will update the furniture package.These approximate outgoings are also necessary for your consideration of this investment. Council rates are around $1166 per annumBody Corporate is around $3315 per annum (a portion of this is rebated, see above)